Section 19(3) in Himachal Pradesh Universities of Agriculture, Horticulture and Forestry Act, 1986
(3)The Finance Committee shall have the following powers, namely:-(i)to examine the annual accounts of the University and to advise the Board thereon;(ii)to examine the annual budget estimates and to advise the Board thereon;(iii)to examine the annual audit report and action taken thereon;(iv)to review the financial position of the University from time to time;(v)to make recommendations to the University on all matters relating to the finances of the University; and(vi)to make recommendations to the Board on all proposals involving expenditure for which no provision has been made in the budget or which involves expenditure in excess of the amount provided in the budget.
